U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy continued to ease.
 | TUE, FEB 02, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 134.99 | +0.85 | +0.63% | | MSFT | 239.51 | -0.14 | -0.06% | | INTC | 58.00 | +1.31 | +2.31% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 11.24 | +0.50 | +4.66% | | PFE | 34.99 | -0.81 | -2.26% | | AAPL | 134.99 | +0.85 | +0.63% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 134.99 | +0.85 | +0.63% | | SIRI | 6.20 | -0.06 | -0.96% | | AMD | 88.86 | +1.20 | +1.37% | |
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 In October 2008, the German carmaker saw its Frankfurt-listed shares more than quadruple in two days, briefly becoming the biggest company in the world. The rally was initially triggered by a surprise announcement that Porsche had boosted its VW stake, which sent a slew of short selling hedge funds rushing for the exit. Volkswagen shares fell 58% in four days after their peak, and a month later the stock was down 70% from its top, giving back most of the squeeze, according to FactSet. "All squeezes like this end the same way with many times the stock just going back to where it started its flight at," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. The stock market posted a strong back-to-back rally Tuesday as concerns about the speculative trading frenzy continued to ease. |
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